Hawaii HB2241 amends the renewable energy technologies income tax credit to limit credits for certain solar energy systems and increase income.

Hawaii HB2241 modifies the renewable energy technologies income tax credit to restrict credits for solar energy systems installed on single-family residential properties for taxpayers with an adjusted gross income over $250,000. It also raises the income threshold for taxpayers to elect to have any excess credit refunded. The bill removes certain cap amounts for solar energy systems and increases the adjusted gross income requirements for an individual taxpayer to elect to have any excess of the credit over payments due refunded.

Hawaii HB2241 amends the renewable energy technologies income tax credit to limit credits for certain solar energy systems and increase income.

Hawaii HB2241 modifies the renewable energy technologies income tax credit to restrict credits for solar energy systems installed on single-family residential properties for taxpayers with an adjusted gross income over $250,000. It also raises the income threshold for taxpayers to elect to have any excess credit refunded. The bill removes certain cap amounts for solar energy systems and increases the adjusted gross income requirements for an individual taxpayer to elect to have any excess of the credit over payments due refunded.